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Posted on: July 2nd, 2012 by AlYunaniya Staff No Comments

Greece: Government braces for troika visit

Samaras Prime Minister - source Samaras Fb

photo: Samaras Facebook

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According to Kathimerini, the government is considering to ask for the European Council recent agreement for banks to get direct funding from the European Financial Stability Facility (EFSF) to apply to Greece, too, even though the recapitalization of local lenders was agreed to be included in the state’s bailout agreement.

The issue was discussed, according to reports, during a meeting at the Prime Minister’s residence in Athens on Saturday evening, ahead of a troika visit today or Tuesday. The meeting also examined the government’s programmatic proposals that will be presented to Parliament probably from on coming Thursday, July 5.

As protothema.gr writes, the government is feverishly preparing for the meetings of the next few days, which will lay the foundations for the economic development of the country, the opportunity to renegotiate the memorandum and the ability of Greece to benefit from the significant changes in the Eurozone economic policy that resulted from the last summit in Brussels.

Talking to Kathimerini, ECB Executive Council member Jörg Asmussen, pointed out that the Troika are willing to discuss changes in aspects of the implemented policy under the condition they will not upset the final goals.

IMF said a fact-finding staff visit, led by Mission Chief Poul Thomsen, is expected to arrive to Athens early this week as part of the joint mission with the European Commission and European Central Bank. This mission will assess the recent economic developments, and meet with the new authorities. This visit would then be followed by a negotiating mission to discuss with the authorities the policies necessary to achieve the program objectives.

“We want to listen to the new government, to the new authorities and what they have to say. The objectives of the programme, as agreed, remain the basis for those discussions. But, as we’ve said before, if the new government has ideas on how those programme objectives can be achieved, then we are open to those discussions — as we are, indeed, in any of our programmes that we support… it’s a step-by-step process here: first the fact-finding, then followed by a negotiating team that will focus on the issues that have been discussed with the new government. We want to wait for that before going much further into specifics,” IMF Spokesman Gerry Rice told a news briefing.


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